Which of the following statements regarding a marginal-cost ...

[kamilo84]

Which of the following statements regarding a marginal-cost pricing rule for a natural monopoly is WRONG?
 
  A) It maximizes total surplus in a regulated industry.
  B) The firm produces the efficient quantity.
  C) The firm's price equals its marginal cost.
  D) The firm makes an economic profit.

Question 2

In the figure above, at point A the consumer is willing to give up ________ pounds of pickles to get one additional pound of olives.
 
  A) 8
  B) 6
  C) 1 1/3
  D) 2

[carolinefletcherr]

Answer to Question 1

D

Answer to Question 2

C

[kamilo84]

TYSM

[alvinum]

Thanks for the timely response, appreciate it